US president Donald Trump unveiled a series of tariffs against countries around the world. He says the United States has been ‘looted, robbed and raped’ by friends and foes alike.
He says the US will impose a levy on imports half the rate they charge the US.
This is where the confusion starts. Switzerland will be hit by a rate of 31% - because Trump says this country charges a 61% rate against the US.
But economists point out – it doesn’t.
Switzerland has abolished tariffs on goods. It’s true that this country has a trade surolus with the US on goods – but this country imports far more services.
Federal President, Karin Keller-Sutter, says the government will quickly determine it’s response and adds this country’s long term economic interests are paramount.
Geneva could foot the G7 bill
US NGO discovers Swiss child abuse cases
French singer banned by Paleo
Cars going uninspected
War may lead to rent rises
Not a heatwave, yet
